• USD Lending Weighted Average Rate
  • CFETS USD Interbank Reference Offered Rate

About Foreign Currency Lending

    Foreign Currency Lending, which includes Credit Lending and Collateralized Lending, means short-term foreign currency financing between financial institutions to adjust their foreign exchange surplus and deficiency. Foreign Currency Lending members of CFETS can trade on foreign exchange trading system. Institutions that have been qualified for market access but have not yet been connected to the foreign exchange trading system can apply for the foreign exchange trading system terminal. Institutions that have not been qualified can apply to become FCL members of CFETS. 
    Currently the trading system supports foreign currency lending of USD, EUR, HKD, JPY, AUD,GBP,CAD,NZD and SGD. Tenor periods include fixed tenors of overnight (O/N, T/N, S/N), 1W, 2W, 3W, 1M, 2M, 3M, 6M, 9M 1Y (1W and longer tenor use T+2 as value date), and broken. Trading mode is bilateral transaction and bilateral settlement. Trading Hours are from Monday to Friday (excluding national holidays) Beijing Time 7:00-23:30.

Events

2019-07-22 09:00:00

CFETS introduced FCL transactions of NZD and SGD.

2019-04-16 11:17:43

Trading volume of foreign currency lending (including credit lending and collateralized lending) exceeded 60 billion US dollars.

2018-09-17 11:14:00

The first batch of Free Trade Accounts under Free Trade Accounting Unit of China (Shanghai) Pilot Free Trade Zone was introduced in the interbank foreign currency lending market.

2018-09-03 10:59:40

CFETS introduced foreign currency lending panel bank business.

2018-07-23 09:00:00

CFETS introduced FCL collateralized by foreign currency bond issued abroad.

China Foreign Exchange Trade System

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